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Within hours after its introduction, the NBA playoffs NFT contract was hacked
The NBA's much anticipated 2022 NFT release was delayed by smart contract hackers, who stole 100 digital photos worth approximately $68,000 only hours after it was introduced.
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Polygon Launches Supernets to Promote Web3 and Polygon
"Supernets" is the scalable blockchain architecture Polygon is releasing in an effort to bring Web3 and Polygon into the mainstream, days after teasing the release.
The Ethereum mainnet…
Tennessee is preparing to store crypto as it seeks a vendor for digital assets
As cryptocurrencies gain acceptance as a viable alternative to established payment methods, governments worldwide are exploring ways to bring the innovative asset class under their control…
US has imposed new restrictions on Russian firms, including BitRiver
In light of the new restrictions, BitRiver's data centre in Siberia may not be able to operate at full capacity.
According to a Reuters story, the United States has imposed fresh…
The Bank of England claims that crypto has left them with a $419 million deficit
For this year's monitoring obligations, the Bank of England's regulatory arm believes it will require more funds.
PRA wants to raise 321 million pounds ($419 million) by February 2023, a…
Compound governance rejects huge token reward proposal
On Thursday, a Compound Finance governance proposal to remove the protocol's user incentives was rejected, despite strong backing from venture capital company Andreessen Horowitz (a16z).
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Digital Assets Will Be Accepted for Tax Payment in the Bahamas
The sand dollar, the country's official digital currency, will also be used to access digital assets by residents.
Digital assets will be allowed to pay taxes in the Bahamas by the…
The Bitcoin Price Is At A ‘Critical Crossroads,’ According to Huobi Research
Bitcoin is facing one of the most severe tests since November 2021, when it reached an all-time high of $64,789 per coin. On-chain researchers believe that the largest cryptocurrency is…
Porsche Baltimore dealership accepts Shiba Inu and Dogecoin payments
According to a Tweet from US-based crypto payment service provider BitPay, a Porsche dealership in Baltimore, Maryland, has begun taking conventional crypto payments for automobiles, along…
According to Michael Saylor, Bitcoin is the answer to inflation
As a well-known advocate of Bitcoin (BTC), Michael Saylor cites inflation as one of the key reasons for his support.
The MicroStrategy Chairman and CEO gave his ideas on why he thinks…
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